second lien debt


Definition
A debt that places its holders second in line in the case of bankruptcy or default. Second lien debt holders receive compensation from property or other collateral after first lien debt is covered, making this type of loan a riskier investment. For example, a company issuing a homeowner a second mortgage will be able to claim assets only after the company issuing the first mortgage has completed its claim.

Related Personal Finance Articles

Loading...

second lien debt in the news

Loading...

second lien debt is ...

... part of the Lending & Credit and Real Estate subjects.

Search volume for second lien debt

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z